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Variable rate
Variable rate The mortgage interest charged by the lender can vary from month to month and is set by the lender.
RELATED TERMS--------------------------------------
Mortgage
A legal document pledging property as security for the payment of a loan.
Interest
Money paid to a lender as compensation for money that is borrowed.
Lender
A term which can refer to the institution making the loan or to the individual representing the firm.
SIMILAR TERMS--------------------------------------
Variable costs
Operating expenses that fluctuate with occupancy, such as utilities and maintenance costs.
Variable interest rate
A fluctuating interest rate that can go up or down depending on the going market rate.
Variable lease
Allows for increases in the rental charges during the lease period.
Variable-rate mortgage
Home loan in which the interest rate is changed periodically based on a standard financial index. Also called an adjustable-rate mortgage.
Variance
Government authorization to use or develop a property in a manner which is not permitted by the applicable zoning regulations.
Variate
A single item in a group.
PREVIOUS AND NEXT TERMS--------------------------------------
Value-added
A phrase generally used by advisers and managers to describe investments in underperforming and-or undermanaged assets. The objective is to generate 13 percent to 18 percent returns.
Vapor retarders
Special materials used in the installation of thermal insulation to reduce the passage of water vapor.
Variable costs
Operating expenses that fluctuate with occupancy, such as utilities and maintenance costs.
Variable interest rate
A fluctuating interest rate that can go up or down depending on the going market rate.
Variable lease
Allows for increases in the rental charges during the lease period.
Variable rate
Variable-rate mortgage
Home loan in which the interest rate is changed periodically based on a standard financial index. Also called an adjustable-rate mortgage.
Variance
Government authorization to use or develop a property in a manner which is not permitted by the applicable zoning regulations.
Variate
A single item in a group.
Vaulted ceiling
An elongated half-cylinder that arches above the floor.
Vendee
The purchaser of realty; the buyer. The buyer under a land contract.
This dictionary contains 6433 terms. |
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